MANH Options History — September 2019

In September 2019, MANH traded between $79.57 and $84.18. ATM implied volatility averaged 31.5%, placing in the 19.2% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 10.6% (HV 20d: 21.0%). Max pain ranged from $65.00 to $85.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 1.12.

Notable Days

2019-09-05: Highest Volume — 1,891 contracts
2019-09-09: Largest IV spike — 21.9% change
2019-09-03: Highest IV Rank — 27.2%
2019-09-05: Largest Expected Move — 10.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$81.92	$79.57	$84.18	$81.74	$80.78
Max Pain	$71.25	$65.00	$85.00	$85.00	$70.00
ATM IV	31.5%	27.2%	33.9%	32.5%	33.9%
Expected Move	9.2%	8.2%	10.1%	9.3%	9.7%
HV 20d	21.0%	17.6%	26.8%	26.0%	26.8%
HV 60d	41.7%	41.1%	42.9%	41.5%	42.9%
IV Rank	19.2%	8.8%	27.2%	27.2%	24.9%
IV Percentile	48.1%	15.9%	63.9%	57.1%	63.9%
Term Structure	5.5%	-0.8%	8.4%	-0.8%	6.3%
VWIV	31.2%	28.4%	35.3%	32.4%	32.4%
Skew 25d	4.2%	0.5%	5.2%	4.7%	4.0%
Skew 10d	10.7%	5.8%	22.6%	10.6%	9.4%
Call IV 25d	30.4%	28.1%	33.6%	30.4%	32.4%
Put IV 25d	34.6%	30.6%	36.7%	35.1%	36.4%
Bid-Ask Spread %	78.04	66.50	85.44	76.95	83.74
Gamma HHI	0.31	0.22	0.44	0.30	0.35
Net GEX	241.9K	88.1K	488.8K	121.3K	280.0K
Net DEX	-4.6M	-7.3M	-2.9M	-2.9M	-3.9M
Net VEX	-34.9K	-40.5K	-28.3K	-28.6K	-32.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.12	0.00	9.15	0.14	0.00
Total Volume	255.1	8	1,891	8	30
Total OI	4,384.5	3,089	5,222	3,089	3,904

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2019-09-03	$81.74	$85.00	32.5%	9.3%	26.0%	27.2%	32.4%	4.7%	-0.8%	121.3K	-2.9M	-28.6K	0.14	76.95	7	1	1,890	1,199
2019-09-04	$81.92	$85.00	31.3%	9.0%	21.0%	20.3%	29.7%	3.6%	-0.3%	121.7K	-3.0M	-28.4K	0.35	77.77	23	8	1,891	1,199
2019-09-05	$82.79	$65.00	27.4%	10.1%	20.7%	9.3%	35.3%	3.1%	0.1%	133.7K	-3.5M	-28.3K	0.85	85.44	1,024	867	1,909	1,206
2019-09-06	$82.58	$70.00	27.2%	8.9%	19.0%	8.8%	31.8%	3.9%	5.2%	241.8K	-5.5M	-39.4K	0.30	84.47	166	49	2,760	1,794
2019-09-09	$81.25	$70.00	33.2%	9.6%	19.6%	24.7%	33.0%	3.7%	5.0%	123.0K	-3.5M	-38.1K	0.93	71.87	309	286	2,761	1,870
2019-09-10	$81.57	$70.00	32.5%	9.7%	19.8%	20.9%	32.1%	5.2%	5.6%	174.5K	-4.2M	-40.4K	0.41	66.50	164	68	2,991	2,030
2019-09-11	$81.72	$70.00	33.0%	9.5%	19.5%	22.4%	30.8%	3.9%	5.3%	172.1K	-4.5M	-39.3K	2.53	75.16	86	218	3,010	2,067
2019-09-12	$83.20	$70.00	29.7%	8.5%	17.6%	13.3%	29.5%	4.0%	7.1%	307.8K	-6.6M	-40.5K	0.43	75.73	68	29	3,055	2,161
2019-09-13	$81.01	$70.00	31.4%	9.0%	19.5%	17.9%	30.5%	0.5%	6.4%	88.1K	-3.5M	-38.2K	2.46	72.73	26	64	3,061	2,161
2019-09-16	$82.04	$70.00	32.8%	9.4%	19.6%	21.9%	30.9%	5.1%	5.5%	218.1K	-4.9M	-37.6K	0.79	74.31	90	71	3,068	2,103
2019-09-17	$82.07	$70.00	32.5%	9.3%	19.5%	20.9%	32.4%	5.1%	5.9%	219.8K	-5.1M	-36.2K	1.43	74.89	47	67	3,099	2,075
2019-09-18	$81.74	$70.00	31.0%	8.9%	19.2%	16.9%	29.2%	5.0%	7.0%	192.4K	-4.5M	-35.8K	0.44	80.85	151	67	3,087	2,090
2019-09-19	$82.20	$70.00	30.4%	8.7%	18.5%	15.2%	28.7%	4.0%	7.2%	253.9K	-5.1M	-33.1K	2.07	77.58	69	143	2,971	2,045
2019-09-20	$83.17	$70.00	28.7%	8.2%	19.0%	10.5%	28.4%	4.9%	8.4%	445.9K	-6.1M	-32.7K	9.15	79.93	33	302	2,962	1,904
2019-09-23	$84.18	$70.00	29.9%	8.6%	18.5%	14.0%	29.8%	4.2%	7.1%	488.8K	-7.3M	-32.3K	0.14	78.52	57	8	2,471	1,220
2019-09-24	$80.82	$70.00	33.3%	9.5%	22.8%	23.2%	31.8%	4.3%	7.9%	306.5K	-3.9M	-32.9K	0.00	80.85	146	0	2,460	1,434
2019-09-25	$81.65	$70.00	33.8%	9.7%	23.0%	24.5%	32.5%	4.5%	7.4%	326.1K	-4.4M	-33.5K	0.01	78.56	82	1	2,419	1,434
2019-09-26	$82.50	$70.00	33.1%	9.5%	23.2%	22.8%	31.1%	4.4%	6.5%	382.2K	-5.8M	-35.9K	0.00	80.77	231	0	2,582	1,435
2019-09-27	$79.57	$70.00	33.5%	9.6%	26.4%	23.7%	31.1%	5.2%	6.9%	239.9K	-3.1M	-33.4K	0.00	84.26	44	0	2,477	1,435
2019-09-30	$80.78	$70.00	33.9%	9.7%	26.8%	24.9%	32.4%	4.0%	6.3%	280.0K	-3.9M	-32.5K	0.00	83.74	30	0	2,459	1,445